Commodity Prices

Gold •14 mins	2,343.90	+1.40	+0.06%
Platinum •14 mins	928.70	+8.20	+0.89%
WTI Crude •10 mins	83.78	+0.21	+0.25%
Gasoline •14 mins	2.767	+0.009	+0.33%
Ethanol •5 hours	2.161	+0.000	+0.00%
Silver •14 mins	27.42	+0.06	+0.23%

Silver • 14 mins	27.42	+0.06	+0.23%
Copper • 14 mins	4.577	+0.038	+0.84%
Brent Crude • 10 mins	89.28	+0.27	+0.30%
Natural Gas • 11 mins	1.587	-0.051	-3.11%
Heating Oil • 14 mins	2.557	+0.007	+0.27%

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EUR/USD - Choppy Holiday Trading

By - Dec 23, 2014, 6:08 AM CST

EUR/USD has declined further below support at 1.2247 to 1.2217(yearly new low). Resistance for a temporary recovery bounce can be found at 1.2273 (20.12.2014 old recovery high) and 1.2375 (previous support) and 1.2423 (19/12/2014 high, see also the 50% retracement).

In the longer term, EUR/USD is in a downtrend since May 2014. The break of the strong support area between 1.2755 (09/07/2013 low) and 1.2662 (13/11/2012 low) calls for a decline towards the strong support at 1.2043 (24/07/2012 low). As a result, the recent low at 1.2247 is expected to be eventually broken. A key resistance stands at 1.2600 (19/11/2014 high).

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